Finally a decent bounce play! I entered this with a 20-25c stop under the last bounce point after it tried twice to break the LOD and fill the gap and finally started to get some volume. Once it got moving and started to flag I tightened up my stop and when it broke the flag I doubled up and then quickly sold most of the position for a nice profit. I held 200 shares for lotto but it started to roll so I exited the trade, and for good reason as you can see by the 5 min chart. All in all a nice trade.
1000 shares
+$298.00 (9.59%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-25 11:34:14 | CAMT | buy | $4.380 | long |
2013-11-25 12:07:34 | CAMT | buy | $4.600 | long |
2013-11-25 12:18:40 | CAMT | sell | $4.800 | long |
2013-11-25 12:32:20 | CAMT | sell | $4.740 | 0 |
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How'd you know that was the bounce when it failed a few times before but looked the exact same?